EOFY – June 30 Is Approaching and it represents an Opportunity to Businesses to Purchase Art
Amendments to the tax rules in 2015 now allow businesses to claim an immediate deduction for artworks under $20,000. It is intended to put money into the economy and provide an incentive for spending which generates income for provider businesses in the chain – and of course, in our case, the communities and artists who create the artwork.

If you are thinking about buying art for your office or small business this could be the ideal time. We have lots of stunning paintings and fine art prints in the gallery which we’ve yet to upload on our website but you’re welcome to contact us to discuss your needs and we can make suggestions. It could also be artefacts or other media.

For information on how the accelerated depreciation concept works, you can read about it in the SMH Article here:   Accelerated depreciation

And also on the ATO website: Accelerated depreciation ATO

You may also wish to check with your accountant.

Please contact us on info@taligallery.com.au if you would like to take advantage before the End of Financial Year.

If you’re an independent person who would like to buy an artwork, you can apply online to Art Money for an interest free loan to buy a piece you love priced over $750 – you pay the gallery a 10% deposit and then make nine monthly payments thereafter – the benefit is that you get to take it home as soon as you’re paid the deposit! Again we have lots of paintings beyond what is on display, so let us know if you’d like to see what we have in our stockroom that might suit.  You can find out about this opportunity (seed funded by the City of Sydney to promote art)  on their website:   www.artmoney.com.au